RESONATE researchers recently published the paper “Resilient forest-based value chains? Econometric analysis of roundwood prices in five European countries in the era of natural disturbances” in the Forest Policy and Economics journal.
Climate change poses a growing threat to European forests due to the increasing frequency and severity of storms, insect outbreaks, and other natural disturbances. Natural disturbances affect both the volume and the quality of harvested wood and increase the tendency of increased salvage loggings, reducing roundwood prices over the short-term.
In order to assess the impacts of supply and demand shocks on roundwood prices, RESONATE researchers performed an econometric analysis on five forest-rich European countries (Austria, Czechia, Germany, Finland, and Sweden), applying the theory of price transmission and using a set of candidate resilience predictors that were expected to moderate shock impacts.
Check out the paper:
Raphael Asada, Elias Hurmekoski, Annechien Dirkje Hoeben, Marco Patacca, Tobias Stern, Anne Toppinen (2023): Resilient forest-based value chains? Econometric analysis of roundwood prices in five European countries in the era of natural disturbances. Forest Policy and Economics, Volume 153, August 2023, 102975.